assessee have filed the return u/s 44AD and depreciation not calimed till date now assessee is liable for audit there must be claim depreciation or we can ignore?.
and the purchase of fixed assets date Also missing.
Menu
audit problem
Replies (1)
When you are not following 44AD, then you have to maintain books of accounts because you come under 44AB audit. Which means you can claim allowance of depreciation u/s 32 of income tax act.
Recent Topics :
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
- TDS on salary paid in cash
- YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
- Last Date To Fill ITR For Non-Audit Case
- Guidance Required on Filing Fresh Registration und
- IT Return Refund Status AY 2026-27
- Clarification Regarding Income Tax Demand Notice
- Online PAN Download: Check How?
Related Topics :
CAclubindia
